SIX Makes Strategic Investment in BITA to Expand Technology Partnership

SIX, the global financial information provider, and BITA, a leading provider of indexing technology and services, today announced that SIX has made a strategic investment in BITA to strengthen a series of existing joint projects and accelerate the expansion of SIX's global benchmark platform. Existing BITA shareholders, ETFS Capital, Volta Ventures and Pamica NV also invested in the round alongside SIX.

The investment by SIX aims to strengthen a series of collaborations between both firms. Starting in 2022 with an ongoing partnership to develop a new range of global equity indexes and accelerate the time-to-market for the delivery of customized solutions, the relationship has already expanded to the realm of crypto, where SIX has been leveraging BITA's calculation infrastructure and APIs on a variety of indexing projects.

"At SIX, we are committed to providing innovative and efficient solutions to the Indexing and ETF industry," said Marion Leslie, Head Financial Information and Executive Board Member, SIX. "Our strategic investment in BITA strengthens our existing partnership and fuels our shared vision of a future where customized indexing solutions are accessible and scalable for all market participants. Together, we will leverage BITA's cutting-edge technology and SIX's global reach to deliver even greater value to our clients."

"Our growing, multifaceted business relationship with SIX is a perfect example of how our indexing infrastructure can support financial institutions in scaling their product development, cutting time to market, and increasing their flexibility," said Victor Hugo Gomez, CEO of BITA. "We are delighted to welcome SIX as an investor in BITA and look forward to leveraging their footprint as we continue our path towards becoming the leading investment customization infrastructure."

The funds raised will be utilized by BITA to enhance the functionality of its infrastructure and continue to expand into additional key markets.